NYSE:OFG OFG Bancorp (OFG) Stock Forecast, Price & News $24.20 -0.64 (-2.58%) (As of 02:09 PM ET) Add Compare Share Share Today's Range$23.96▼$24.9650-Day Range$23.00▼$25.8352-Week Range$22.34▼$30.52Volume53,294 shsAverage Volume272,963 shsMarket Capitalization$1.15 billionP/E Ratio6.65Dividend Yield3.64%Price Target$32.50 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media OFG Bancorp MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside35.0% Upside$32.50 Price TargetShort InterestHealthy1.39% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainabilityN/ANews SentimentN/AInsider TradingSelling Shares$2.12 M Sold Last QuarterProj. Earnings Growth-3.21%From $3.43 to $3.32 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.92 out of 5 starsFinance Sector176th out of 901 stocksState Commercial Banks Industry58th out of 192 stocks 3.5 Analyst's Opinion Consensus RatingOFG Bancorp has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $32.50, OFG Bancorp has a forecasted upside of 35.0% from its current price of $24.08.Amount of Analyst CoverageOFG Bancorp has only been the subject of 1 research reports in the past 90 days. Previous Next 5.0 Short Interest Percentage of Shares Shorted1.39% of the float of OFG Bancorp has been sold short.Short Interest Ratio / Days to CoverOFG Bancorp has a short interest ratio ("days to cover") of 2, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in OFG Bancorp has recently decreased by 9.87%, indicating that investor sentiment is improving significantly. Previous Next 3.3 Dividend Strength Dividend LeadershipOFG Bancorp is a leading dividend payer. It pays a dividend yield of 3.53%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthOFG Bancorp has only been increasing its dividend for 3 years.Dividend CoverageThe dividend payout ratio of OFG Bancorp is 24.18%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, OFG Bancorp will have a dividend payout ratio of 26.51% next year. This indicates that OFG Bancorp will be able to sustain or increase its dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for OFG. Previous Next 2.4 News and Social Media Coverage News SentimentOFG Bancorp has a news sentiment score of 1.36. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.69 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 1 news article for OFG Bancorp this week, compared to 2 articles on an average week. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, OFG Bancorp insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $2,120,491.00 in company stock.Percentage Held by InsidersOnly 3.11% of the stock of OFG Bancorp is held by insiders.Percentage Held by Institutions91.03% of the stock of OFG Bancorp is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for OFG Bancorp are expected to decrease by -3.21% in the coming year, from $3.43 to $3.32 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of OFG Bancorp is 6.62, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 123.12.Price to Earnings Ratio vs. SectorThe P/E ratio of OFG Bancorp is 6.62, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 155.53.Price to Book Value per Share RatioOFG Bancorp has a P/B Ratio of 1.05. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About OFG Bancorp (NYSE:OFG) StockOFG Bancorp is a holding company, which engages in the provision of banking and financial services. It operates through the following segments: Banking, Wealth Management, and Treasury. The Banking segment includes its branches and traditional banking products such as deposits and commercial, consumer, and mortgage loans. The Wealth Management segment is involved in financial planning, money management and investment banking, brokerage services, insurance sales activity, corporate and individual trust and retirement services, and retirement plan administration services. The Treasury segment encompasses all its asset and liability management activities, such as purchases and sales of investment securities, interest rate risk management, derivatives, and borrowings. The company was founded in 1964 and is headquartered in San Juan, Puerto Rico.Read More Receive OFG Stock News and Ratings via Email Sign-up to receive the latest news and ratings for OFG Bancorp and its competitors with MarketBeat's FREE daily newsletter. Email Address OFG Stock News HeadlinesApril 27, 2023 | msn.comOFG Bancorp (OFG) Declares $0.22 DividendApril 22, 2023 | americanbankingnews.comOFG Bancorp (NYSE:OFG) Trading 2.6% Higher May 31, 2023 | Edge On The Street (Ad)The Ignored EV Story Few Investors Know AboutLithium may grab all the headlines, but the average electric vehicle requires 146 pounds of the mineral graphite. With no producing graphite mines in North America, the U.S. government is desperate for more domestic sources of the metal to feed the EV battery supply chain.April 20, 2023 | seekingalpha.comOFG Bancorp 2023 Q1 - Results - Earnings Call PresentationApril 20, 2023 | msn.comOFG Bancorp: Q1 Earnings InsightsApril 20, 2023 | msn.comEarnings Scheduled For April 20, 2023April 20, 2023 | benzinga.comRecap: OFG Bancorp Q1 EarningsApril 20, 2023 | msn.comOFG Bancorp GAAP EPS of $0.96 beats by $0.09, net interest income of $135.9MMay 31, 2023 | Edge On The Street (Ad)146 Pounds of Graphite Needed for Each EVGraphite - not lithium - is the largest component of lithium-ion batteries used in electric vehicles. That's why 97 more graphite mines will be needed by 2035 just to keep up with battery demand for the $7 trillion EV market.April 20, 2023 | finance.yahoo.comOFG Bancorp Reports 1Q23 ResultsApril 18, 2023 | americanbankingnews.comOFG Bancorp (OFG) Set to Announce Quarterly Earnings on ThursdayApril 7, 2023 | nasdaq.comRelative Strength Alert For OFG BancorpApril 7, 2023 | americanbankingnews.comOFG Bancorp (NYSE:OFG) Hits New 52-Week Low After Analyst DowngradeApril 6, 2023 | msn.comWells Fargo Maintains OFG Bancorp (OFG) Overweight RecommendationApril 6, 2023 | americanbankingnews.comOFG Bancorp (NYSE:OFG) Price Target Lowered to $32.00 at Wells Fargo & CompanyApril 6, 2023 | americanbankingnews.comOFG Bancorp (NYSE:OFG) Downgraded by StockNews.comMarch 30, 2023 | finance.yahoo.comOFG Bancorp to Report 1Q23 Results and Hold Call Thursday, April 20, 2023March 28, 2023 | americanbankingnews.comOFG Bancorp (NYSE:OFG) Increases Dividend to $0.22 Per ShareMarch 25, 2023 | finance.yahoo.comOFG Bancorp (NYSE:OFG) Could Be A Buy For Its Upcoming DividendMarch 22, 2023 | seekingalpha.comOFG Bancorp: Earnings Outlook Remains Positive While Risks Remain ManageableMarch 15, 2023 | finance.yahoo.comStrength Seen in Metropolitan Bank Holding Corp. (MCB): Can Its 39.0% Jump Turn into More Strength?January 30, 2023 | finance.yahoo.comOFG Bancorp (NYSE:OFG) Q4 2022 Earnings Call TranscriptJanuary 29, 2023 | finance.yahoo.comOFG Bancorp (NYSE:OFG) Is Increasing Its Dividend To $0.22January 26, 2023 | seekingalpha.comOFG Bancorp (OFG) Q4 2022 Earnings Call TranscriptJanuary 26, 2023 | finance.yahoo.comOFG Bancorp (OFG) Q4 Earnings and Revenues Surpass EstimatesJanuary 26, 2023 | msn.comS&T Bancorp GAAP EPS of $1.03 beats by $0.09, revenue of $105.23M beats by $5.04MJanuary 26, 2023 | finance.yahoo.comOFG Bancorp Reports 4Q22 & 2022 ResultsSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive OFG Stock News and Ratings via Email Sign-up to receive the latest news and ratings for OFG Bancorp and its competitors with MarketBeat's FREE daily newsletter. Email Address OFG Company Calendar Last Earnings10/19/2021Ex-Dividend for 4/17 Dividend3/30/2023Dividend Payable4/17/2023Today5/31/2023Ex-Dividend for 7/17 Dividend6/29/2023Dividend Payable7/17/2023Next Earnings (Estimated)7/20/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry State commercial banks Sub-IndustryRegional Banks SectorFinance Current SymbolNYSE:OFG CUSIP67103X10 CIK1030469 Webwww.orientalbank.com Phone(787) 771-6800Fax787-771-6770Employees2,253Year FoundedN/APrice Target and Rating Average Stock Price Forecast$32.50 High Stock Price Forecast$33.00 Low Stock Price Forecast$32.00 Forecasted Upside/Downside+35.4%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage1 Analysts Profitability EPS (Most Recent Fiscal Year)$3.64 Trailing P/E Ratio6.59 Forward P/E Ratio7.00 P/E GrowthN/ANet Income$166.24 million Net Margins25.93% Pretax Margin37.82% Return on Equity16.90% Return on Assets1.74% Debt Debt-to-Equity Ratio0.21 Current Ratio0.88 Quick Ratio0.88 Sales & Book Value Annual Sales$594.19 million Price / Sales1.92 Cash Flow$3.80 per share Price / Cash Flow6.31 Book Value$22.92 per share Price / Book1.05Miscellaneous Outstanding Shares47,528,000Free Float46,050,000Market Cap$1.14 billion OptionableOptionable Beta1.04 Key ExecutivesJosé Rafael Fernández MartinezVice Chairman, President & Chief Executive OfficerMaritza Arizmendi DiazChief Financial Officer & Executive Vice PresidentJosé E. Cabrera LázaroChief Risk & Compliance OfficerRamón A. Rosado-LineraSenior Vice President & Director-US Loan ProgramGanesh KumarChief Strategy OfficerKey CompetitorsHeartland Financial USANASDAQ:HTLFTriCo BancsharesNASDAQ:TCBKStock Yards BancorpNASDAQ:SYBTFirst BancorpNASDAQ:FBNCS&T BancorpNASDAQ:STBAView All CompetitorsInsiders & InstitutionsBrandywine Global Investment Management LLCBought 50,931 shares on 5/25/2023Ownership: 0.246%Ameriprise Financial Inc.Sold 19,700 shares on 5/22/2023Ownership: 1.563%JPMorgan Chase & Co.Bought 68,968 shares on 5/18/2023Ownership: 3.035%New York State Common Retirement FundSold 20,662 shares on 5/18/2023Ownership: 0.074%Thrivent Financial for LutheransBought 23,664 shares on 5/17/2023Ownership: 0.218%View All Insider TransactionsView All Institutional Transactions OFG Stock - Frequently Asked Questions Should I buy or sell OFG Bancorp stock right now? 1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for OFG Bancorp in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" OFG shares. View OFG analyst ratings or view top-rated stocks. What is OFG Bancorp's stock price forecast for 2023? 1 brokers have issued twelve-month price targets for OFG Bancorp's stock. Their OFG share price forecasts range from $32.00 to $33.00. On average, they expect the company's share price to reach $32.50 in the next year. This suggests a possible upside of 35.4% from the stock's current price. View analysts price targets for OFG or view top-rated stocks among Wall Street analysts. How have OFG shares performed in 2023? OFG Bancorp's stock was trading at $27.56 at the start of the year. Since then, OFG stock has decreased by 12.9% and is now trading at $24.00. View the best growth stocks for 2023 here. When is OFG Bancorp's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Thursday, July 20th 2023. View our OFG earnings forecast. How were OFG Bancorp's earnings last quarter? OFG Bancorp (NYSE:OFG) released its quarterly earnings data on Tuesday, October, 19th. The bank reported $0.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.68 by $0.13. The bank had revenue of $134.72 million for the quarter, compared to analyst estimates of $131.90 million. OFG Bancorp had a net margin of 25.93% and a trailing twelve-month return on equity of 16.90%. During the same quarter last year, the company earned $0.50 EPS. How often does OFG Bancorp pay dividends? What is the dividend yield for OFG Bancorp? OFG Bancorp announced a quarterly dividend on Wednesday, April 26th. Stockholders of record on Friday, June 30th will be paid a dividend of $0.22 per share on Monday, July 17th. This represents a $0.88 dividend on an annualized basis and a yield of 3.67%. The ex-dividend date is Thursday, June 29th. Read our dividend analysis for OFG. What ETFs hold OFG Bancorp's stock? ETFs with the largest weight of OFG Bancorp (NYSE:OFG) stock in their portfolio include Invesco DWA Financial Momentum ETF (PFI), AdvisorShares Alpha DNA Equity Sentiment ETF (SENT), Roundhill Acquirers Deep Value ETF (DEEP), First Trust SMID Cap Rising Dividend Archievers ETF (SDVY), Invesco S&P SmallCap 600 Pure Growth ETF (RZG), Invesco S&P SmallCap Low Volatility ETF (XSLV), Invesco S&P SmallCap Value with Momentum ETF (XSVM) and Invesco S&P SmallCap Quality ETF (XSHQ). Is OFG Bancorp a good dividend stock? OFG Bancorp (NYSE:OFG) pays an annual dividend of $0.88 per share and currently has a dividend yield of 3.53%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 24.18%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, OFG will have a dividend payout ratio of 26.51% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for OFG. What is José Rafael Fernández's approval rating as OFG Bancorp's CEO? 15 employees have rated OFG Bancorp Chief Executive Officer José Rafael Fernández on Glassdoor.com. José Rafael Fernández has an approval rating of 89% among the company's employees. What other stocks do shareholders of OFG Bancorp own? Based on aggregate information from My MarketBeat watchlists, some companies that other OFG Bancorp investors own include Intelsat (I), Callon Petroleum (CPE), Cleveland-Cliffs (CLF), Range Resources (RRC), Fossil Group (FOSL), Bank of America (BAC), AMC Entertainment (AMC), First Data (FDC), Associated British Foods (ABF) and Coeur Mining (CDE). What is OFG Bancorp's stock symbol? OFG Bancorp trades on the New York Stock Exchange (NYSE) under the ticker symbol "OFG." Who are OFG Bancorp's major shareholders? OFG Bancorp's stock is owned by many different retail and institutional investors. Top institutional investors include BlackRock Inc. (14.82%), Dimensional Fund Advisors LP (7.97%), Barrow Hanley Mewhinney & Strauss LLC (4.86%), LSV Asset Management (4.38%), State Street Corp (4.20%) and JPMorgan Chase & Co. (3.03%). Insiders that own company stock include Cesar A Ortiz, Edwin Perez, Ganesh Kumar, Jorge Colon, Jose Rafael Fernandez, Julian Inclan, Maritza Arizmendi and Pedro Morazzani. View institutional ownership trends. How do I buy shares of OFG Bancorp? Shares of OFG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is OFG Bancorp's stock price today? One share of OFG stock can currently be purchased for approximately $24.00. How much money does OFG Bancorp make? OFG Bancorp (NYSE:OFG) has a market capitalization of $1.14 billion and generates $594.19 million in revenue each year. The bank earns $166.24 million in net income (profit) each year or $3.64 on an earnings per share basis. How many employees does OFG Bancorp have? The company employs 2,253 workers across the globe. How can I contact OFG Bancorp? OFG Bancorp's mailing address is 254 MUNOZ RIVERA AVENUE, SAN JUAN PR, 00918. The official website for the company is www.orientalbank.com. The bank can be reached via phone at (787) 771-6800, via email at gfishman@ofgbancorp.com, or via fax at 787-771-6770. This page (NYSE:OFG) was last updated on 5/31/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding OFG Bancorp Please log in to your account or sign up in order to add this asset to your watchlist. 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